First Quantum Minerals (TSE:FM) had its price objective upped by equities researchers at Berenberg Bank from C$14.25 to C$19.00 in a research report issued to clients and investors on Thursday. Berenberg Bank’s price target indicates a potential upside of 11.05% from the company’s previous close.
A number of other analysts also recently weighed in on the stock. Barclays boosted their target price on shares of First Quantum Minerals from C$12.65 to C$15.10 in a report on Tuesday, October 24th. Scotiabank restated an “outperform” rating and issued a C$17.00 target price on shares of First Quantum Minerals in a report on Monday, October 30th. National Bank Financial boosted their target price on shares of First Quantum Minerals from C$15.00 to C$17.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 18th. Raymond James Financial boosted their target price on shares of First Quantum Minerals from C$16.00 to C$18.00 in a report on Monday, October 23rd. Finally, Goldman Sachs Group upgraded shares of First Quantum Minerals from a “neutral” rating to a “buy” rating in a report on Monday, December 11th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. First Quantum Minerals currently has a consensus rating of “Buy” and a consensus target price of C$20.22.
First Quantum Minerals (FM) traded down C$0.53 during trading on Thursday, hitting C$17.11. 4,990,816 shares of the stock were exchanged, compared to its average volume of 2,928,796. First Quantum Minerals has a 12-month low of C$9.69 and a 12-month high of C$19.75. The company has a market cap of $11,730.00, a P/E ratio of -48.89 and a beta of 3.02.
First Quantum Minerals Ltd. is engaged in the production of copper, nickel, gold, zinc and acid, and related activities, including exploration and development. The Company’s segments include individual mine development projects or mine operations and the Corporate & other segment. The Corporate & other segment is responsible for the evaluation and acquisition of mineral properties, regulatory reporting, treasury and finance and corporate administration.
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